Townsend & Associates Inc Sells 4,016 Shares of Ventas, Inc. $VTR

Key Points

• Townsend & Associates Inc reduced its stake in Ventas, Inc by 12.3%, selling 4,016 shares, leaving it with 28,511 shares valued at approximately $1.9 million.
• Insider trades included CEO Debra A. Cafaro selling 10,322 shares for over $725,000, and CFO Robert F. Probst selling 29,691 shares for more than $2 million, with both executives seeing a decrease in their ownership percentages.
• Analysts have set a consensus price target of $75.23 for Ventas, with multiple brokerages issuing ratings ranging from "buy" to "outperform" as the stock trades at around $70.65.

Townsend & Associates Inc cut its stake in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 12.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,511 shares of the real estate investment trust's stock after selling 4,016 shares during the period. Townsend & Associates Inc's holdings in Ventas were worth $1,895,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Stephens Inc. AR lifted its stake in Ventas by 7.2% during the 2nd quarter. Stephens Inc. AR now owns 4,987 shares of the real estate investment trust's stock valued at $315,000 after acquiring an additional 333 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Ventas during the 2nd quarter valued at $13,891,000. Spirit of America Management Corp NY lifted its stake in Ventas by 33.5% during the 2nd quarter. Spirit of America Management Corp NY now owns 15,950 shares of the real estate investment trust's stock valued at $1,007,000 after acquiring an additional 4,000 shares in the last quarter. Chevy Chase Trust Holdings LLC lifted its stake in Ventas by 4.0% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 238,389 shares of the real estate investment trust's stock valued at $15,054,000 after acquiring an additional 9,114 shares in the last quarter. Finally, Easterly Investment Partners LLC bought a new position in Ventas during the 2nd quarter valued at $18,991,000. 94.18% of the stock is currently owned by institutional investors.

Insider Activity at Ventas

In related news, CEO Debra A. Cafaro sold 10,322 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $70.24, for a total value of $725,017.28. Following the sale, the chief executive officer directly owned 1,145,695 shares in the company, valued at approximately $80,473,616.80. The trade was a 0.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert F. Probst sold 29,691 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $68.49, for a total value of $2,033,536.59. Following the completion of the sale, the chief financial officer owned 168,364 shares in the company, valued at $11,531,250.36. This represents a 14.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,557 shares of company stock worth $4,771,687. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VTR. Raymond James Financial restated an "outperform" rating and set a $78.00 price objective (up from $74.00) on shares of Ventas in a research note on Friday, August 22nd. Morgan Stanley raised their price objective on Ventas from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Friday, August 15th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Ventas in a research note on Wednesday, October 8th. Argus reiterated a "buy" rating and set a $75.00 target price on shares of Ventas in a research note on Tuesday, August 26th. Finally, Evercore ISI lifted their target price on Ventas from $77.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $75.23.

Ventas Trading Up 1.6%

NYSE VTR opened at $70.65 on Monday. The stock has a market capitalization of $32.11 billion, a price-to-earnings ratio of 164.30, a PEG ratio of 2.60 and a beta of 0.89. Ventas, Inc. has a one year low of $56.68 and a one year high of $71.36. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.68 and a quick ratio of 0.68. The business's fifty day moving average is $68.42 and its 200-day moving average is $66.37.

Ventas (NYSE:VTR - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. Ventas had a return on equity of 1.75% and a net margin of 3.61%.The company had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the previous year, the business posted $0.80 EPS. The business's revenue for the quarter was up 18.3% compared to the same quarter last year. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. Equities research analysts predict that Ventas, Inc. will post 3.4 EPS for the current year.

Ventas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Tuesday, September 30th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, September 30th. Ventas's payout ratio is currently 446.51%.

About Ventas

Ventas Inc NYSE: VTR is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.

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